Ads
related to: credit union of nj e bankingaccounts.bestrates.com has been visited by 10K+ users in the past month
Search results
Results From The WOW.Com Content Network
The Division of Banking licenses and regulates all state-chartered financial institutions, currently numbering 88 banks and 19 credit unions. [8] The division has been accredited by the Conference of State Bank Supervisors (CSBS) since 1986 [9] and earned a five-year reaccreditation in 2010. [10]
The National Credit Union Administration is the U.S. independent federal agency that supervises and charters federal credit unions. As of December 31, 2022, there were 4,760 federally insured credit unions in the United States with 135.3 million members.
First Jersey Credit Union was a federally insured, state chartered credit union operating from two branches in Passaic County, New Jersey.It was involuntarily liquidated by the New Jersey Department of Banking and Insurance and the National Credit Union Association on February 28, 2018, and USAlliance Federal Credit Union absorbed the majority of FJCU's assets.
Since then, it has completed deals to acquire 7 different financial institutions in New Jersey, Philadelphia, and New York City. First was the acquisition of Colonial American Bank on July 31, 2015. [7] [8] Then, in January 2016, it agreed to buy Cape Bancorp, Inc. which was a bank with 22 branches and five loans offices, for $196 million. [9]
The bank was originally called the Industrial and Commercial Federal Credit Union, and was referred to as such in its first charter. In 1979, the credit union adopted its current name. The first office of the credit union was established on 940 Manhattan Avenue in Greenpoint, Brooklyn, adjacent to the Polish & Slavic Center. In 1981, the PSFCU ...
The Federal Deposit Insurance Corporation federally insures most traditional banks in case of failure. But credit unions are not considered traditional banks. Is a credit union FDIC insured?